Basil G. Mavroleon - 16 May 2023 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Role
Director
Signature
/s/ Basil G. Mavroleon
Issuer symbol
GNK
Transactions as of
16 May 2023
Net transactions value
$0
Form type
4
Filing time
18 May 2023, 21:01:48 UTC
Previous filing
16 Mar 2023
Next filing
25 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GNK Common Stock 739 16 May 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNK Restricted Stock Units Award $0 +7,288 $0.000000 7,288 16 May 2023 Common Stock 7,288 Direct F1, F10
holding GNK Restricted Stock Units 1,561 16 May 2023 Common Stock 1,561 Direct F1, F2
holding GNK Restricted Stock Units 22,349 16 May 2023 Common Stock 22,349 Direct F1, F3
holding GNK Restricted Stock Units 11,263 16 May 2023 Common Stock 11,263 Direct F1, F4
holding GNK Restricted Stock Units 6,378 16 May 2023 Common Stock 6,378 Direct F1, F5
holding GNK Restricted Stock Units 13,222 16 May 2023 Common Stock 13,222 Direct F1, F6
holding GNK Restricted Stock Units 17,421 16 May 2023 Common Stock 17,421 Direct F1, F7
holding GNK Restricted Stock Units 6,732 16 May 2023 Common Stock 6,732 Direct F1, F8
holding GNK Restricted Stock Units 5,264 16 May 2023 Common Stock 5,264 Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the RSU vests.
F2 These RSUs vested on May 18, 2016.
F3 These RSUs vested on May 17, 2017.
F4 These RSUs vested on May 15, 2018.
F5 These RSUs vested on May 15, 2019.
F6 These RSUs vested on July 15, 2020.
F7 These RSUs vested on May 13, 2021.
F8 These RSUs vested on May 16, 2022.
F9 These RSUs vested on May 16, 2023.
F10 These RSUs generally vest on the earlier of (i) the date of the annual shareholders meeting of the issuer next following the May 16, 2023 grant date and (ii) the date that is fourteen months after the grant date.